Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.78B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$834M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$784M |
| 5 |
Norfolk Southern
NSC
|
+$613M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$1.19B |
| 2 |
Palantir
PLTR
|
+$742M |
| 3 |
HES
Hess
HES
|
+$478M |
| 4 |
Oracle
ORCL
|
+$465M |
| 5 |
Thomson Reuters
TRI
|
+$442M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.28% |
| 2 | Financials | 7.68% |
| 3 | Healthcare | 6.5% |
| 4 | Industrials | 5.87% |
| 5 | Consumer Discretionary | 4.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BTM
5551
DELISTED
Bitcoin Depot
BTM
| $115K | ﹤0.01% |
4,877
-2,250
| -32% | -$70.5K |
|
5552
Pangaea Logistics
PANL
$493M
| $115K | ﹤0.01% |
22,548
-22,399
| -50% | -$116K |
|
|
TRTX
5553
TPG RE Finance Trust
TRTX
$614M
| $114K | ﹤0.01% |
13,310
-27,427
| -67% | -$242K |
|
5554
Fennec Pharmaceuticals
FENC
$330M
| $113K | ﹤0.01% |
12,077
-4,257
| -26% | -$36.9K |
|
5555
Biodesix
BDSX
$222M
| $113K | ﹤0.01% |
+14,944
| New | +$115K |
|
5556
CALL
Peloton Interactive
PTON
$2.78B
| $113K | ﹤0.01% |
12,500
-9,300
| -43% | -$69.2K |
|
5557
One Stop Systems
OSS
$301M
| $112K | ﹤0.01% |
+20,986
| New | +$115K |
|
|
ACOG
5558
Alpha Cognition
ACOG
$171M
| $112K | ﹤0.01% |
17,250
+26
| +0.2% | +$237 |
|
|
EEX
5559
DELISTED
Emerald Holding
EEX
| $112K | ﹤0.01% |
22,057
-151,582
| -87% | -$765K |
|
5560
Senseonics Holdings Inc
SENS
$259M
| $111K | ﹤0.01% |
12,774
-6,933
| -35% | -$66.9K |
|
5561
PUT
Aldeyra Therapeutics
ALDX
$92.9M
| $111K | ﹤0.01% |
+21,200
| New | +$111K |
|
5562
Amtech Systems
ASYS
$270M
| $111K | ﹤0.01% |
+11,946
| New | +$73K |
|
5563
Bridger Aerospace
BAER
$111M
| $110K | ﹤0.01% |
59,225
-62,718
| -51% | -$119K |
|
5564
Drilling Tools International
DTI
$84M
| $109K | ﹤0.01% |
47,563
-9,382
| -16% | -$20.6K |
|
5565
CALL
Microvision
MVIS
$86.8M
| $109K | ﹤0.01% |
+87,800
| New | +$105K |
|
5566
DLH Holdings
DLHC
$71M
| $108K | ﹤0.01% |
19,125
-16,837
| -47% | -$95K |
|
|
NHICW
5567
CALL
NewHold Investment Corp III Warrants
NHICW
| $108K | ﹤0.01% |
300,000
+87,500
| +41% | +$27.9K |
|
|
BNC
5568
CEA Industries
BNC
$114M
| $108K | ﹤0.01% |
+13,820
| New | +$235K |
|
|
ANSCW
5569
CALL
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
$2.42M
| $107K | ﹤0.01% |
400,000
| – | – |
|
|
BGL
5570
Blue Gold Ltd
BGL
$8.95M
| $107K | ﹤0.01% |
+11,511
| New | +$217K |
|
|
GCMGW
5571
CALL
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
| $106K | ﹤0.01% |
200,000
-94,718
| -32% | -$103K |
|
|
FERAR
5572
Fifth Era Acquisition Corp I Rights
FERAR
| $106K | ﹤0.01% |
400,000
+200,000
| +100% | +$51.1K |
|
5573
CALL
Alvotech Warrant
ALVOW
$45.3M
| $106K | ﹤0.01% |
69,711
| – | – |
|
5574
Travelzoo
TZOO
$73.9M
| $106K | ﹤0.01% |
10,756
-219,237
| -95% | -$2.36M |
|
5575
PUT
Huntsman Corp
HUN
$1.72B
| $105K | ﹤0.01% |
+11,700
| New | +$123K |
|
Similar funds
Millennium Management's Q3 2025 Portfolio in Review
As of Q3 2025, Millennium Management held 6,610 positions worth $234B, up 13% from $207B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management's Q3 2025 filing shows 800 new, 2,296 increased, 2,513 reduced and 633 closed positions. Its largest new stake was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M. The largest sale was Applovin, an estimated $1.19B.
By sector, the portfolio is most concentrated in Technology at 9.3% of assets, up from 8.7% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2025 buy was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M.
- Millennium Management added most to NVIDIA in Q3 2025, an estimated $1.78B increase.
- Millennium Management's biggest Q3 2025 reduction was Applovin, cutting an estimated $1.19B.
- Millennium Management fully exited Hess in Q3 2025, selling an estimated $478M.
- Millennium Management's ten largest holdings make up 18% of its $234B portfolio in Q3 2025.
- Millennium Management opened 800 new positions and closed 633 in Q3 2025.
- Millennium Management's portfolio value rose 13% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q3 2025, filed 14 Nov 2025.